Acne Medication Market
Report ID: SQMIG35I2281
Acne Medication Market Size, Share, Growth Analysis, By Products(Retinoids, Antibiotics, Isotretinoin, and others), By Route of Administration(Topical, oral), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2281 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
65
Acne Medication Market Insights
Acne Treatment Market size was valued at USD 9.81 billion in 2022 and is poised to grow from USD 10.28 billion in 2023 to USD 14.95 billion by 2031, at a CAGR of 4.8% during the forecast period (2024-2031).
Acne is one of the most common skin conditions globally, affecting millions of people across all age groups. The high prevalence of acne has been a significant driver of the demand for acne medication. Increasing awareness about skin health, appearance, and self-care among the general population has led to a growing demand for effective acne treatment solutions.
Ongoing research and development in dermatology and pharmaceuticals have led to the introduction of new and more effective acne medications. Advancements in topical formulations, oral medications, and combination therapies have expanded treatment options. Modern lifestyles, including factors such as stress, dietary habits, and pollution, have been linked to acne development. As people seek solutions for skin issues resulting from lifestyle factors, the demand for acne medication rises.
US Acne Medication Market is poised to grow at a sustainable CAGR for the next forecast year.
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Acne Medication Market Segmental Analysis
The global acne medication market is segmented into product, route of administration, and region. By product, the market is segmented into retinoids, antibiotics, isotretinoin, and others. Based on route of administration, the market is segmented into topical and oral. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Acne Treatment Market Analysis By Product
In 2022, the antibiotics segment held a dominant position in the market due to the increasing approval of antibiotics for treating acne and its effectiveness in managing exudate. As a result, antibiotics became the leading product category in the global market, contributing significantly to its overall value.
However, looking ahead, the retinoids segment is expected to show a higher compound annual growth rate (CAGR) by 2030. This projection is primarily attributed to the rising prevalence of moderate to severe acne, which is driving the demand for retinoid-based treatments. An example of this trend is reflected in the February 2020 announcement by Sun Pharmaceutical Industries Ltd., wherein they launched ABSORICA LD (Isotretinoin) capsules in the U.S. for managing severe recalcitrant nodular acne in patients aged 12 and older.
Acne Treatment Market Analysis By Route of Administration
The topical segment is expected to hold the dominant position in the market throughout the forecast period. The growth of this segment can be attributed to the rising number of companies manufacturing topical solutions for acne treatment. This is mainly due to the significant patient population suffering from acne, who are particularly interested in topical solutions because they are easily accessible and comfortable to use.
On the other hand, the oral segment is predicted to experience substantial growth with a significant Compound Annual Growth Rate (CAGR) during the forecast period. This growth is driven by the increasing prevalence of acne and the continuous introduction of new acne treatment products. For instance, Almirall, S.A. launched Seysara in January 2019, which is the first oral antibiotic specifically developed for acne treatment in the U.S.
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Acne Medication Market Regional Insights
North America has emerged as the dominant player in the global acne treatment market, capturing an impressive 35.9% share of the market revenue in 2022. This market leadership is expected to continue during the projected years due to several key factors. One of the primary drivers is the region's growing prevalence of acne-related issues and increasing consumer concerns about beauty and skincare. The continuous efforts of major players in the region to introduce new and innovative acne treatment products will also contribute significantly to market growth. Additionally, a substantial rise in the number of patients seeking treatment for acne-related problems will further fuel the market's expansion in North America.
Similarly, Europe is projected to witness substantial growth and make a significant global contribution to the acne treatment market. This growth will be driven by the region's increasing pool of patients seeking dermatology treatments and a growing focus on investing in research and development for addressing skin-related issues. The adoption of advanced and cutting-edge acne treatment solutions in Europe will play a crucial role in propelling the market share to higher levels. With both North America and Europe making significant strides in the acne treatment market, the global industry is set to witness robust growth and advancements in the coming years.
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Acne Medication Market Dynamics
Acne Treatment Market Drivers
Rising Occurrence of Acne Globally
- The escalating demand for treatment options has been met with the introduction of a wide array of products designed for acne treatment, including retinoids, isotretinoins, and oral and topical antibiotics. These offerings have played a crucial role in enhancing awareness among the global population about acne products and available treatment choices, consequently fostering the growth of the market.
- The rising global prevalence of the condition has led to an increasing demand for effective drugs to treat it, driving key companies to focus on introducing innovative medications to meet this demand. This emerging trend is crucial for the growth of the market. Furthermore, effective product marketing aimed at captivating the target population is another significant factor contributing to the market's growth.
Acne Treatment Market Restraints
Side Effects Pertaining to Current Marketed Drugs is Limiting Adoption
- Despite chronic acne being highly prevalent worldwide, the growth of the acne treatment market is limited due to several factors, with one of the key concerns being the side effects associated with acne treatment drugs. According to the National Center for Biotechnology Information (NCBI), approximately 7% of patients taking tetracycline and 4% of those taking macrolides experience side effects such as nausea, vomiting, or diarrhea.
- The U.S. Food and Drug Administration (FDA) has issued warnings about certain over-the-counter (OTC) medications used for acne treatment that can potentially cause severe allergic reactions or irritation, posing life-threatening risks. Additionally, the use of antibiotics like tetracycline and clindamycin, which are commonly prescribed for acne, can lead to the development of antibiotic resistance in patients, further hampering market growth.
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Acne Medication Market Competitive Landscape
The market is characterized by a multitude of major players that provide a wide range of pharmaceutical drugs. These prominent companies hold strong revenue positions and boast diverse product portfolios. They have established a firm presence in key growth regions. Among the dominant players are Allergan, Galderma S.A., and Bausch Health Companies Inc. For example, in April 2021, Bausch Health Companies Inc. announced significant positive results from its Phase 3 trials for IDP-126 Gel, a treatment for Acne Vulgaris.
Alongside these major players, there are smaller companies operating with a more limited product range. These companies have a strong presence at the national level and are expected to expand their operations during the forecast period.
Acne Treatment Market Top Player’s Company Profiles
- Allergan (Ireland)
- Botanix Pharmaceuticals (Australia)
- GALDERMA (Switzerland)
- Bausch Health Companies Inc. (U.S.)
- GlaxoSmithKline Plc. (U.K.)
- Bayer AG (Germany)
- Valeant Pharmaceutical International, Inc. (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
- Pfizer Inc. (U.S.)
- Teva Pharmaceutical Industries Ltd. (Israel)
Acne Treatment Market Recent Developments
- In January 2022, Galderma S.A. concluded its purchase of ALASTIN Skincare, Inc. after receiving an antitrust clearance from federal authorities of the U.S. Rising consumer interest and increasing popularity of aesthetic skin care procedures had led to an advancement in demand for valuable products.
Acne Medication Key Market Trends
Increasing Popularity of Skincare Products
- The global acne medication market is experiencing significant growth, driven by various factors such as changing hormone levels, a rising teenage population, and an increasing adoption of skincare products. Additionally, the occurrence of acne, which is caused by excessive oil production from sebaceous glands and an unhygienic lifestyle, is positively influencing market growth.
Acne Medication Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global acne medication market analyses, globally, the prevalence of skin conditions has experienced a notable surge, particularly regarding acne. Conversely, there are promising opportunities for market expansion due to the rise in research and development activities in the skincare industry. Moreover, untapped emerging markets offer high market potential, further bolstering growth prospects. The increasing prevalence and severity of acne will also play a significant role in driving the market's size during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 9.81 billion |
| Market size value in 2031 | USD 14.95 billion |
| Growth Rate | 4.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Acne Medication Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Acne Medication Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Acne Medication Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Acne Medication Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Acne Medication Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Acne Medication Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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